525% Over $1,000,000 5. Married couples filing separately face the same bracket structure as single filers but must calculate the tax on their individual portions of the income.
Avoid Underpayment Penalty with 2018 NYC Tax Brackets
25% $500,001 – $1,000,000 5. 575% $100,001 – $500,000 5.
9375% $50,001 – $100,000 4. While the state collects income tax, the city imposes its own separate income tax.
Avoid Underpayment Penalty with 2018 NYC Tax Brackets
For the 2018 tax year, which covers income earned throughout 2018 and filed in 2019, the city maintained its progressive tax system, meaning higher income levels are subject to increasingly higher rates. These brackets define the specific rates applied to different portions of a taxpayer's annual income.
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